[Congressional Record Volume 141, Number 204 (Tuesday, December 19, 1995)]
[House]
[Page H15102]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  WE NEED A BUDGET THAT BALANCES IN GOOD TIME BUT PROTECTS THE ECONOMY

  (Mr. NADLER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. NADLER. Mr. Speaker, the Republicans have shut down the 
Government because they claim that we have to have a balanced budget in 
7 years based on figures provided by the Congressional Budget Office--
and only the Congressional Budget Office.
  Republicans have been leading many Americans to believe that if we 
adopt their balanced budget plan, interest rates will drop, there will 
be more jobs, and economic conditions for families will improve 
significantly.
  But according to that same Congressional Budget Office, after a few 
years under the Republican plan, unemployment will rise and economic 
growth will drop.
  You don't have to be an economist to know that that's called a 
recession.
  So the Republicans are telling us that they have to shut down the 
Government because President Clinton won't agree to their 7-year plan 
for economic hardship.
  We must continue to fight this plan.

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